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Chapter 2 - Entrepreneurship Flashcards | StudBud
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Chapter 2 - Entrepreneurship
Chapter 2 - Entrepreneurship
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1
In the United States, fewer than half of the entrepreneurs have some college education.
True
False
2
A personal characteristic needed to be a successful entrepreneur is inflexibility.
True
False
3
A(an) ________ is an experienced individual who volunteers to share knowledge and provide guidance to help someone else
boss
mentor
coworker
4
Which of the following is true about American entrepreneurs?
all of the above
many work from home
they are all ages
they work hard
5
Which of the following would not be provided by a mentor?
financial security
suggestions for achieving goals
tutoring
guidance
6
Which trait is not part of the NFTE Entrepreneurial Mindset?
risk avoidance
flexibility
persistence
critical thinking
7
What percentage of business owners used money of their own, or from their families, to start or buy a business?
between 40% and 60%
more than 60 %
between 20% and 40%
less than 20 %
8
A(n) ________ is an ability that is learned through training and practice.
attitude
talent
mentor
skill
9
A(n) ________ is a way of viewing or thinking about something that affects how you feel about it.
attitude
Mindset
communication
skill
10
One of the characteristics of a successful entrepreneur is ________, a commitment to being truthful/sincere with others
postivitey
honesty
trustworthy
11
Entrepreneurs do not need "people skills" to be successful.
False
True
12
A characteristic of a successful entrepreneur is _____-inventing new ways of doing things and "thinking outside the box"
creativity
originality
honesty
13
An attitude is
a way of thinking about something that affects how you feel about it
all of the above
a feeling that can be positive or negative
a feeling you can choose to have
14
The ability to perform a specific kind of task after practice is referred to as having
self-esteem
an aptitude
a skill
an attitude
15
According to Small Business Administration research, the number of women and minority entrepreneurs has steadily _______
increased
decreased
16
The entrepreneurial mindset is a blend of characteristics, attitudes, and skills that only people born with certain apti
True
False
17
Successful entrepreneurs need math skills so they can create budgets.
False
True
18
Entrepreneurs need ________ skills—the ability to listen, write, and speak well.
professionalism
communication
literate
19
What percentage of business owners are less than 25 years old?
22 percent
32 percent
2 percent
12 percent
20
Which of the following is not a skill needed by an entrepreneur?
computer skill
business skill
organizational skill
drawing skill
21
Self-assessment is something that
all of the above
entrepreneurs do not consider when hiring employees
helps you maximize your strengths and weaknesses
is more important for employees than entrepreneurs
22
Which of the following is not generally a personal characteristic of a successful entrepreneur?
courage
curiosity
creativity
cautiousness
23
Successful entrepreneurs share a blend of characteristics, attitudes, and skills called the NFTE Entrepreneurial _______
nature
goal
mindset
24
Entrepreneurs tend to be people with positive attitudes.
True
False
25
Practicing to become good at sports is an example of an skill.
True
False
26
A skill is an ability that you can learn through training and practice.
False
True
27
One of the ways to increase your entrepreneurial potential is to find a mentor.
True
False
28
Instead of seeing problems, a successful entrepreneur usually sees opportunities.
False
True
29
Entrepreneurs need ________ skills, the ability to use technological tools.
technology
people
business
